Dubai boasts globally competitive business ecosystem, experts say

Dubai boasts globally competitive business ecosystem, experts say

The UAE recently took the top spot in the Global Entrepreneurship Index 2022

The UAE has emerged as the number one global destination for establishing and starting businesses - KT file

Published: Wed 13 Apr 2022, 4:26 PM Last updated: Wed 13 Apr 2022, 4:27 PM

Over the past twenty years, Dubai has strived to cultivate a globally competitive business ecosystem which is a magnet for entrepreneurs and investors from around the world, said Majed Al Suwaidi, Managing Director of Dubai Media City.

“Strategic initiatives and business incubators like in5 enrich the landscape of opportunities for start-ups in Dubai and provide the necessary regulatory framework and infrastructure to scale up,” he said. “Even global investors and VCs are tapping into the incredible scope of opportunities available here.”

“We see the incredible speed and force with which start-ups are emerging in our own incubator,” he added. “Since 2013, in5 has welcomed and supported more than 500 start-ups which have attracted more than Dh1.4 billion in funding, and we are certain the emirate’s flexible, business-friendly policies and enabling environment will continue to boost start-up success and reinforce why our country is the best place to start a new business.”

Al Suwaidi also highlighted how the Global Entrepreneurship Monitor